By Becky Pallack for Arizona Daily Star
Rio Nuevo plans to spend $17.4M on downtown Tucson projects related to tourism, retail and jobs next fiscal year.
In a split vote Tuesday, the board of the downtown revitalization district approved a $17.4M projects budget and a $1.4M operating budget for the fiscal year beginning July 1.
On the list, Rio Nuevo’s spending plans include:
- $4.3M on a parking garage for a new hotel on Broadway.
- $3.7M to renovate the Tucson Convention Center Arena to get it ready for the Arizona Coyotes minor-league hockey team.
- $2.2M to expand the Mercado San Agustin retail center west of downtown.
- $2M to help Caterpillar establish a regional headquarters.
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